Brazil: Sugar values continue to rise at the end of the harvest
Published Nov 29, 2022
Tridge summary
The average white crystal sugar prices in the spot market of São Paulo have increased, reaching R$ 135.00/50 kg bag, a level not seen since May. This increase is due to the closing period of the 2022/23 sugarcane crushing harvest, with most mills in São Paulo expected to finish production by the end of November, with only a few continuing into December.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Average white crystal sugar prices continue to rise in the spot market in the state of São Paulo. At the end of last week, the CEPEA/ESALQ white crystal indicator, Icumsa color from 130 to 180, reached R$ 135.00/50 kg bag, a nominal level that had not been observed since the beginning of May this year . According to Cepea researchers, the upward movement is attributed to the closing period of sugarcane crushing for the 2022/23 harvest. A ...
Source: NoticiasAgricolas
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